ETH is *Appreciating* Money With Bulls Raging on Solid Fundamentals
Hello defiers! Here’s what’s going on in DeFi,
- Ether is surging and some bears are coming out of the woodwork, but fundamentals are there
- Smart wallet Authereum launches with goal to make logging in to Ethereum easy
- The first DeFi options market with Opyn
and more
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ETH is *Appreciating* Money
The ether chart is going vertical. Can it continue climbing? There’s no timing the market and it might correct tomorrow —some bears are already betting it will— but the fundamentals are there.
Authereum Wallet Launches to Make Dapps Log in Easier
Authereum aims to make using Ethereum easier for anyone to use by enabling a single log in interface, with no crypto seed phrase required, for any dapp.
Options to Hedge Against DeFi Risk Are Live
The first options market for DeFi is live, meaning users have more tools to protect against potential downside. Opyn allows users to take out put options on Dai and USDC deposits on Compound Finance, giving them the ability to sell their positions at an agreed upon price in 12 months.
Announcing DAI Support for Coinbase Commerce: Coinbase
Coinbase Commerce merchants can also accept DAI as a form of payment by linking their online storefront to a Coinbase Commerce checkout, or in-person using the point-of-sale interface.
Decentralized finance tracker DeFi Pulse launches new system to speed up listing process: The Block
Aave was the first to go through the updated procedure. Four other projects – dForce, DeFi Saver, Numerai, and Robo Advisor for Yield (RAY) from Staked – are also building their project adaptors and will soon be listed.
It seems like Dexes are making new volume records every day:
DeFi Dude 🍪 (defidude.eth) @DeFiDude.@KyberNetwork passed $10M in 24/hr volume today. Pretty sure this is the first time any DEX has seen $10m+ in 24/hr volume, so hats off to Kyber and the entire DEX scene here in DeFi land. The growth just doesn't stop.1:48 AM ∙ Feb 13, 2020182Likes40Retweets
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About the author: I’m Camila Russo, a financial journalist writing a book on Ethereum with Harper Collins. (Pre-order The Infinite Machine here). I was previously at Bloomberg News in New York, Madrid and Buenos Aires covering markets. I’ve extensively covered crypto and finance, and now I’m diving into DeFi, the intersection of the two.
